WHEAT – Up 5 to 7 cents per bushel. Short-covering, a weak dollar and rebound in equities markets lending support to wheat futures. CORN – Up 3 to 5 cents per bushel. Support from news China may import more U.S. corn, a weak dollar, higher crude oil and a rebound in equities markets. SOYBEANS –… read more
Tag Archives: soybeans
Futures Broker / Grain News and Calls
WHEAT – Down 3 to 5 cents per bushel. * Strong dollar and falling equities weigh on wheat futures in addition to continued pressure from an abundant stockpile of wheat. CORN – Down 5 to 7 cents per bushel. * Good crop seeding and growing weather in the U.S., a strong dollar and falling crude… read more
Futures Broker / Grain News and Calls
WHEAT – Down 1 to 2 cents per bushel. Pressure from firm dollar, weak equities and plentiful supply of wheat but underpinned by hot weather in northern Europe that may have harmed some of the wheat crop there. CORN – Down 1 to 2 cents per bushel. Firm dollar, lower equities and warmer and drier… read more
Futures Broker / Grain News and Calls
WHEAT – Down 2 to 3 cents per bushel. Pressure from firm dollar and falling equities as market continues to deal with uncertainty about the eurozone economy. Also pressure from a turn to warmer U.S. crop weather which will help boost production prospects. CORN – Down 1 to 2 cents per bushel. Pressure from a… read more
Swing trading signals – How will the Soybeans react after reaching target objective on predicted reversal swing date? [chart]
Twenty days after posting a high near the April 21st reversal date, July Soybeans reached the up-sloping reaction target line. The daily low of $9.31 tested the reaction line before finding support and rebounding to unchanged. This completes the five-wave cycle as the Soybeans reach the target objective–projected two weeks in advance–on the projected reversal date. While the… read more
Futures Broker / Grain News and Calls
WHEAT – Down 1 to 2 cents per bushel. Hesitant buying of wheat futures as equities and gold sag after Germany’s decision to ban naked short sales of certain financial instruments. CORN – Up 1 to 2 cents per bushel. Support from talk China bought two cargoes of U.S. corn and news from USDA that… read more
Swing trading strategies – Trading in Volatile markets – Part one [video]
During the first week of May,2010, several markets experienced extreme volatility. During extreme volatility, many trading programs and strategies break down because of sudden reversals and lareg price moves. In the two videos titled, ” Trading in Volatile Markets” I walk through several markets using the “Action-Reaction” theory and the Reversal dates to show you how this… read more
Swing trading strategies – Trading in volatile markets – Part two [video]
During the first week of May,2010, several markets experienced extreme volatility. During extreme volatility, many trading programs and strategies break down because of sudden reversals and lareg price moves. In the two videos titled, ” Trading in Volatile Markets” I walk through several markets using the “Action-Reaction” theory and the Reversal dates to show you how this… read more
Futures Broker / Grain News and Calls
WHEAT – Down 2 to 4 cents per bushel. Firm dollar weighing on market and plentiful supply of wheat continues to act as an anchor on the wheat market, which occasionally bounces amid short-covering. CORN – Down 3 to 5 cents per bushel. Higher dollar, lower crude oil and outlooks for a bumper U.S. corn… read more
Futures Broker / Grain News
WHEAT – Down 1 to 2 cents per bushel. Firm dollar and abundant supply of wheat weigh on market in addition to weight from corn/wheat spreading. * USDA said 485,500 tonnes of U.S. wheat sold for export last week, above estimates for 300,000 to 400,000. * Cold weather in the U.S. Plains not seen causing… read more